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- Nvidia’s $57B revenue and strong guidance eased AI bubble concerns.
- Tech and crypto stocks saw after-hours gains, lifting overall sentiment.
- Bitcoin and Ethereum rebounded after sharp weekly declines.
The tech and crypto markets saw renewed optimism on Wednesday after Nvidia delivered another blockbuster quarter, beating Wall Street expectations across revenue, profit, and forward guidance. The strong results helped dispel mounting concerns of an AI-driven market bubble, offering a confidence boost to risk assets that had been sliding for weeks.
Nvidia Crushes Estimates, Fuels Market Relief Rally
Nvidia reported a record $57 billion in Q3 revenue, soaring 62% year-over-year and comfortably topping analyst forecasts of $54.7 billion. The company also posted a $31.9 billion profit, up 65% from last year, marking one of its strongest quarters to date. Even more significant was Nvidia’s Q4 revenue guidance of $65 billion, signaling that demand for AI chips and data center infrastructure remains red-hot.
Shares of Nvidia surged more than 5% in after-hours trading, extending the stock’s nearly 39% year-to-date climb fueled by relentless AI enthusiasm.
Crypto Stocks See a Lift as Risk Appetite Returns
The upbeat earnings triggered a ripple effect across crypto-exposed equities. Coinbase, MicroStrategy, and Circle Internet Group all saw modest after-hours gains after a red trading session. Crypto exchange Bullish also edged higher post-market despite ending the day significantly down, even after exceeding analyst expectations with its strongest quarterly performance since going public.
Big Tech names including Apple, Microsoft, Alphabet, Amazon, and Meta also posted gains after-hours, reinforcing the broader rebound across the innovation sector.
Bitcoin and Ether Stabilize After Sharp Weekly Losses
In crypto markets, Bitcoin briefly dipped below $89,000, hitting a 24-hour low of $88,540 before bouncing back toward $91,500 following Nvidia’s earnings release. BTC is still down over 10% on the week amid a macro-driven sell-off but the rebound suggests improving sentiment.
Also Read: Nvidia Q3 2026 Earnings Preview: Can AI Demand Keep the Stock Soaring?
Ether mirrored the move, sliding below $2,900 for the first time since mid-July before reclaiming the $3,000 level.
Nvidia’s blowout earnings appear to have delivered the reassurance investors were looking for. With AI demand showing no signs of cooling, and risk markets reacting positively, the report may mark a short-term turning point for both tech and crypto after weeks of turbulence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
